More news from the StealthCoin developers, as they have posted an update in regards to the previously announced hard fork of OpenBazaar. There is also a new block explorer available for XST, and a new exchange! So much news, let’s gooo!
There are several reasons why the team is creating an OpenBazaar fork instead of using a centralized platform. Not only does the team avoid fees and regulation, it also reduces the chances of being shut down for being labelled as an “underground” marketplace.
OpenBazaar also offers total anonymity if the user desires so. This is achieved through the implementation of both Tor and I2P. As anonymity is valuable to XST community members, no further explanation is needed.
Even though marketplace always have some sort of reputation system, the OpenBazaar implementation is slightly different. In order to show commitment to the platform, users can send XST to a burn address, which will be counted as a Reputation Pledge. Trust ratings are also available.
Some of the StealthCoin desktop client features are available on OpenBazaar as well. Both encrypted messaging and chat can be used in the XST hard fork implementation of this platform. By the sound of it, XST users should feel right at home when they use the new platform for the first time!
Last but not least, an Aribtration system, as well as a Ricardian Contract Generator are both at the disposal of the users. Whenever someone wants to create a special offer, these featues will come in handy.
Other than things related to the hard forking of OpenBazaar, a new XST block explorer & rich list is available here. You can now also buy and sel StealthCoin in exchange for fiat currency at LiteBit.eu. Click here for more information.
Official announcement : https://bitcointalk.org/index.php?topic=681725.msg8823075#msg8823075